Sriram Subrahmanyam - May 9, 2022 Form 3 Insider Report for KAR Auction Services, Inc. (KAR)

Role
Pres KAR Svcs Group, EVP Ops
Signature
Charles S. Coleman, as Attorney-in-Fact
Stock symbol
KAR
Transactions as of
May 9, 2022
Transactions value $
$0
Form type
3
Date filed
5/19/2022, 09:12 AM
Next filing
Dec 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KAR Common Stock 22.3K May 9, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding KAR Restricted Stock Units May 9, 2022 Common Stock 1.12K Direct F2, F3
holding KAR Employee Stock Option (right to buy) May 9, 2022 Common Stock 35.6K $13.81 Direct F4
holding KAR Employee Stock Option (right to buy) May 9, 2022 Common Stock 142K $13.81 Direct F5
holding KAR Employee Stock Option (right to buy) May 9, 2022 Common Stock 52.8K $18.23 Direct F6
holding KAR Employee Stock Option (right to buy) May 9, 2022 Common Stock 211K $18.23 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
F2 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 21, 2023, assuming continued employment through the applicable vesting date.
F3 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F4 These options were granted on March 4, 2021 and will vest and become exercisable in equal installments on each of the first four anniversaries of the grant date, subject to continued employment through such vesting date.
F5 These options were granted on March 4, 2021 and will become eligible to vest and become exercisable in equal 25% increments, each upon the later of the occurrence of the first four anniversaries of the grant date, respectively, and the attainment of the closing price of the Company's common stock at or above, for each respective 25% increment, $18.81, $23.81, $28.81, and $33.81, for twenty consecutive trading days, subject to continued employment through such vesting date.
F6 These options were granted on June 4, 2021 and will vest and become exercisable in equal installments on each of the first four anniversaries of the grant date, subject to continued employment through such vesting date.
F7 These options were granted on June 4, 2021 and will become eligible to vest and become exercisable in equal 25% increments, each upon the later of the occurrence of the first four anniversaries of the grant date, respectively, and the attainment of the closing price of the Company's common stock at or above, for each respective 25% increment, $23.23, $28.23, $33.23, and $38.23, for twenty consecutive trading days, subject to continued employment through such vesting date.